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Registered Number: 07255098
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 March 2023

for

ICONIC NETWORK SERVICES LTD

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 79,057  40,225 
Current assets 94,058  248,458 
Creditors: amount falling due within one year (146,342) (67,798)
Net current assets (52,284) 180,660 
Total assets less current liabilities 26,773  220,885 
Creditors: amount falling due after more than one year (36,592) (205,879)
Net assets (9,819) 15,006 
 
Capital and reserves (9,819) 15,006 
 
  1. For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Tobias Christopher Hooton
Director

Date approved: 20 March 2024
1
Statutory Information
ICONIC NETWORK SERVICES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 07255098, registration address 86-90 Paul Street, London, EC2A 4NE, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery20% Reducing Balance
Motor Vehicles20% Reducing Balance
Computer Equipment20% Reducing Balance
Office Equipment20% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Leasehold Property   Office Equipment   Total
  £   £   £   £   £   £
At 01 April 2022     48,627        48,627 
Additions 5,391    17,119    4,152    20,278    6,446    53,386 
Disposals          
At 31 March 2023 5,391    17,119    52,779    20,278    6,446    102,013 
Depreciation
At 01 April 2022     8,402        8,402 
Charge for year 1,078    3,424    8,875    12    1,165    14,554 
On disposals          
At 31 March 2023 1,078    3,424    17,277    12    1,165    22,956 
Net book values
Closing balance as at 31 March 2023 4,313    13,695    35,502    20,266    5,281    79,057 
Opening balance as at 01 April 2022     40,225        40,225 

The net book value of Leasehold Property includes £20,266 in respect of assets leased under finance leases or hire purchase contracts.
3.

Average number of employees

Average number of employees during the year was 1  (2022: 1).
2